ÇoinProLite
Remonetizing days-are-numbered SçhitCoins that are all but readily flu$hed to ingress the ¢esspool.
Sçhit ---> ÇPL ---> YTC ---> YTC c-c
Firstly, this IS NOT a spoof ShitCoin (scatologically speaking, of course
), nor an attempt to add yet another ShitCoin to the leagues of shitcoins... run amok by scaramouches of questionable ascendancy, disrupting the delicate balance in all of cryptocurrencyland (non-bold text borrowed from Melville).Secondly, see firstly. ^^^Turdly, ... vvvDuly note, if a
93-year-old-company's ongoing PR campaign proudly refers to its hamburgers as
Sliders, coupled with their promotional literature resounding the commonly held belief that
"the full impact of eating White Castle hamburgers normally isn't felt until the day after," then a primarily
PoBurn-based cryptocurrency -
ÇoinProLite (ÇPL) - should have no problem espousing florid verbiage -
Sçhit, et al. - in its didactic copy. Recollect, thanks to the advent of
Jiaozi, we're now all sailing Montezuma's revenge together, individually navigating the Sea of Fiat via poles-apart Jack Sparrow moral compasses (regurgitated for shitheads who love having their analogous sentiments echoed
![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
).
That spewed, what the fuck's all this
Sçhit about?
<I love the smell of freshly minted Sçhit in the morning... Someday this crypto mining's gonna end...>Noteworthy!: ÇoinProLite DID indeed start off as a spoof
ShitCoin first introduced here:
https://bitcointalk.org/index.php?topic=718358.0 (now locked). Granted, this OP depicts characteristics of
spoofness but, rest assured, that's not what's afoot! Silliness, on the other paw (less favored for wiping), well...
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.gif-paradies.de%2Fgifs%2Fnatur%2Fsonne%2Fsonne_0037.gif&t=665&c=6sSlp6CtNmbhAA)
As I delft further into researching data for an ambitious project I'm currently constipated rapt with, the more I realized I could embody ÇoinProLite into the chamber trail mix, moreover, jiggle the handle as a first flush tier, so to speak, for Project Y (Y = symbolic). Upon getting spanked by a proverbial shitload of bricks with my epiphany, I immediately registered coinprolite.com, the domain name I proffered prior - for two days - by nudging anyone to procure it, albeit allinvain - praise Jah! ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sherv.net%2Fcm%2Femoticons%2Fhand-gestures%2Fpraying-to-god-smiley-emoticon.gif&t=665&c=rnWc3U0G9_9OKA)
~ Founder of ÇoinProLite See
FAQ below to appreçiate how the branding of
ÇoinProLite was çogitated.
Scrubbing Bubbles to the Rescue: <Quick aside: I remember a late poker dealer who dealt at Excalibur in Las Vegas named Bubbles - RIP.>Proof of burn may also be of interest as a tool for managing an orderly transition from one cryptocurrency ("oldcoin", let's call it) to another ("newcoin"). If the developers of newcoin are looking for a way of avoiding proof-of-work's real resource consumption even in newcoin's initial distribution phase, they can't use proof of newcoin-burn: newcoins don't exist yet. But they can use proof of oldcoin-burn! (Assuming their reason for creating newcoin is not a doubting of oldcoin's security model, anyway. - Or at least, not a doubting severe enough to affect sufficiently deeply buried oldcoins, these being the candidates for burning.)
To put the above content in context as it pertains to
ÇoinProLite:
- ÇoinProLite will utilize a PoBurn protocol to manage the orderly transitions of the myriad SçhitCoin Sçhit (once made available/meets a minimal criteria/transfer mechanisms are in place/etc.) to ÇPL (ticker symbol) via an über-fair Analytical Hierarchy Process (AHP).
- ÇoinProLite will meld variants of PoBurn [Proof-of-Burn] with PoC'sus [-Consensus] and PoS [-Stake] protocols in lieu of PoW [-Work], et al., constituting a hat-trick
(tribrid, as it's referred to in the cryptocurrency space) for block generation, securement of the network, and distribution. - Security of those far-flung-pinin'-for-the-fjords (think dead parrot) shitcoins won't be an issue as long as their blockchains were functional at time of burn, thus allowing proof-of-burns to be recorded on ÇoinProLite's blockchain depicting the documented txouts associated with its key-pairs. Once a SçhitCoin's blockchain ceases to function or exist, its Sçhit CAN'T be convertible to ÇPL, further cementing the
Uuniversal Rundle notion that a cryptocurrency's value is in its blockchains, including those of shitcoins. - Queue position while awaiting placement for subsequent blocks for conversion from Sçhit to ÇPL is determined by the ages of a SçhitCoin (release date) and its Sçhit (timestamp of tx), with the former taking precedence over the latter (e.g., two distinct shitcoins vying for position), during the AHP due to it having more weight in the set parameters of the algorithm, among other determinants.
Specs; Innards & Guts: <To gift hard-ons to geeks who can't get enough...>ÇoinProLite is a tailor-made peer-to-peer tribrid cryptocurrency, integrating PoB/PoBurn [Proof-of-Burn], PoC/PoC'sus [-Consensus] and PoS [-Stake] components. No mining is involved, but owners of
ÇPL wallet addresses will maintain limited client nodes of the blockchain until their balance on account reaches zero, thus vouchsafing the security of the network during the interim of possessing and transacting
ÇPL.
- Ticker Symbol: ÇPL (CPL if such spelling is disallowed on cryptocurrency exchanges)
- ÇPL Sign: ç (Superscript Small Case Ç), e.g., 42ç, 314ç, 1337ç, etc.
- Maximum ÇPL: 2,825,625,600 (256[ÇPL] x 60[m] x 24[h] x 365[d] x 21[y])
- Block Forging Schedule: 1 every exactly 60 Seconds
- ÇPL per Block: 256
- Minimum Exchange Rate per ÇPL to Purchase YTC (discussed below): $.01 (1 US ¢ent), exchange at multiples of such, thus always resulting in a whole number expressed in ¢ents or dollars & ¢ents, i.e., $3.14.
- # Decimal Places: Ø - All ÇPL are rounded up (never down) to the nearest whole number - when any resulting calculations warrant such - since we're only talking about a fraction of a US penny/¢ent. (i.e., 3.14ç = 4ç)
- Halving Schedule: N/A
- Difficulty Adjustment Schedule: N/A
- Mining Port: N/A
- PoBurn Premium: 36% awarded immediately
- % take for R&D, Bounties, etc., per Generated Block: 21.875%, or 56 ÇPL
- Stake Payout: .5% per month after 90 days, calculated daily (Midnight(?) GMT) thereafter, sans penalties for early withdraw, et al.
- Stake Reserves: 3% (placed in a singular dedicated ÇPL wallet address)
- # Pre-mine, Instamine, etc., Coinage: Ø
- White Paper: N/A at this penning, but foresee paying a bounty to have one drafted
- Confirmation Time: Instant from ÇPL to YTC (virtually instant for all other transactions)
- tx Fees: Ø
<The following image may, or many not, act ONLY as a placeholder till...><...more shit's added.>Exiting the Privy: <Assman or: Learn How to Free up Memory on your Hard Drive and Love Dumping those Rotting Sçhit Wallets><shit forthcoming>No apologies offered up for parading whimsical prowess herewithin, for that's how some folks roll.
FAQ: (in support of Transparency Inc., apropos content, albeit often contrived)
Q: Why the [
cé cédille/c-cedilla (en)]
Ç?
A: Every BitcoinTalk user must strictly follow all 285 Rules of Acquisition laid out by the first Grand Theymos, theymos. RoA 85 clearly states that all new cryptocurrencies launched on the BT forum must incorporate something French. It precedes
RoA 86: Mining Pool advertising is not allowed on BT's cryptocurrency forum - unle
$$ paid for!
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.politicalbullpen.com%2Fsmile%2Femoticons%2Fmy2cents.gif&t=665&c=gWx22A2sA0JBkw)
Withal, think of it as the tail we humans lost from our backside through evolution, lest you're a
tapeworm aficionado, once in a super- or Proxigean Moon musing such a secular notion.
Q: What's the
baçkstory on the
branding of this
çraptraption -
ÇoinProLite?
A: http://news.nationalgeographic.com/news/2014/07/140729-dinosaur-coprolite-paleontology-dung-fossil-auction/This past Saturday, a private collector paid $10,370 at auction for what was touted as a six-million-year-old turd. Billed in the auction house catalog as fossil feces measuring "an eye-watering 40 inches in length" and believed to be "possibly the longest example of coprolite ever to be offered at auction"—the squiggle certainly looked the part.
National Geographic kindly showcased the first ever
PoopChain (above).
Original Source: ENORMOUS AND RARE COPROLITE![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs28.postimg.org%2Fr8j4t2bj1%2FCoprolite.jpg&t=665&c=gQqV1NiPQNH_Cw)
After being sympathetic for the dude who doled out ten-plus large for probably a bogus turd
![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
, we envisioned how the ethos of a
PoBurn protocol could remonetize in-limbo
shitcoins. Savvy of how
shitcoins are the "in" thing, we simply inserted "in" in coprolite and voilà! - more French.
Illustrated arithmetically: Coprolite + Ç (çhiefly, for Sçhits &
) + in = ÇoinProLite.Q: Can you
stool school us a wee bit about this
PoBurn thingy, for it feels like hemorrhoids?
A: Proof of burn ---> Coin-burning as a tool for transition between cryptocurrencies (the highlighted content is further expanded upon above this FAQ section)Coin-burning as a tool for transition between cryptocurrencies
Proof of burn may also be of interest as a tool for managing an orderly transition from one cryptocurrency ("oldcoin", let's call it) to another ("newcoin"). If the developers of newcoin are looking for a way of avoiding proof-of-work's real resource consumption even in newcoin's initial distribution phase, they can't use proof of newcoin-burn: newcoins don't exist yet. But they can use proof of oldcoin-burn! (Assuming their reason for creating newcoin is not a doubting of oldcoin's security model, anyway. - Or at least, not a doubting severe enough to affect sufficiently deeply buried oldcoins, these being the candidates for burning.)
The newcoin blockchain would thus start with (at least a hash referring to) a complete catalogue of all the [sufficiently deeply buried] unspent txouts of oldcoin. Miners would then exhibit burning events within oldcoin up to a certain date; after which, the protocol would switch to burning of newcoin itself (and the dependency on oldcoin could even be thrown away entirely, if a checkpoint of that transition moment was promulgated and accepted by the newcoin community).
This has the nice consequence that, if people throughout the broader economy are gradually deserting oldcoin (as newcoin catches on), its value need not collapse! Instead, oldcoin gets burnt in the transition process, neatly reducing its nominal supply in just such a way as to roughly keep pace with its declining real demand. Meanwhile, those same acts of burning are minting fresh newcoins, at just the pace required to keep up with newcoin's growing real demand. (At least, that's the case if miners anticipate the transition speed correctly, and enter / exit the coins' respective mining trades at a pace that competes away supra-normal profits. We also have to assume that the total real demand for both[/all...] cryptocurrencies is roughly stable in "economy-tracking" terms; or at least, that miners anticipate the time path of the size of total real demand, and of its currency-by-currency composition, correctly, or near enough correctly.)
To sum up: proof of burn could, just maybe, qualify as a new tool to greatly assist overall (multi-cryptocurrency) economic robustness and stability! <This clause cited at the bottom of the OP.>
Q: I'm not a big fan of white papers, hence asking, is there a
PoC'sus cryptocurrency that incorporates said hashing algorithm, whereupon I can scrutinize its readily available treatment?
A: Credits [CDT], of which its developer penned a
PoC'sus White Paper especially for the likes of you.
Q: Not that I give a flying-poop about such poppycock (echoing others
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
), but is
ÇoinProLite green?
A: We see you probably wrote the questions
Larry King once asked.
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fcdn.niketalk.com%2F9%2F9e%2F50x50px-ZC-9e6db1cb_kramer-yeah.gif.pagespeed.ce.2IGOLV3a88.gif&t=665&c=kQV5UuQIRKEiZQ)
Regardless if
ÇoinProLite embraces
Think Green, et al., or not, the palate choice fits the implied objective and is conducive to promotion and marketing strategy, and there's no intense mining involved, hoping like fuck that satisfies your pie hole.
Q: Has something like
ÇoinProLite been introduced before?
A: Dude, we're visionaries, not curators!
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fmessage.snopes.com%2Fimages%2Ficons%2Ficon87.gif&t=665&c=XEd1EWAZPwkpPQ)
Surely, if such a critter (rhymes with shitter) exists in the wild, we would have stumbled upon it. Yet, if there's a similar crypto lurking about, we'll explore the option of embracing it like flies on shit. And, if it's on life support and fits
ÇoinProLite's basal canon, we'll welcome its
Sçhit on our
ceramic platform.
Q: Playin' Devil's advocate, how do we truly know you're
not just trying to scoop up some of our
Sçhit?
A: Note, the founder of
ÇoinProLite is a Lugan, and his forefathers gave and took plenty-o'-shit from Poles (or was it versa vicé?
![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
). Æther way, there's always room for more shit (bastardizing the hackneyed adage). Seriously, that's exactly what we intend to do: Scoop up your
Sçhit! Post hoc, serve it back to you on a porcelain platter after its metamorphosed
![](https://ip.bitcointalk.org/?u=http%3A%2F%2F2.bp.blogspot.com%2F-wn2JzvyCmzs%2FUdCnCTQ7ntI%2FAAAAAAAAARE%2F53uq1Rl01Vo%2Fs1600%2Fth_green_butterfly.gif&t=665&c=vwNQj_dNBISzBw)
to
ÇPL, subsequently formally trading on formidable cryptocurrency exchanges, thus dictating its worth on a continuous basis.
Q: I don't know! Something about
ÇoinProLite just doesn't smell quite kosher. Can you put us a
turd tad more at ease prior to us Sçhmuçks burning our precious
Sçhit?
A: Yes! We're not incorporated in Romania. The domain name isn't registered in Panama. Our office address isn't some rent-by-the-hour facility in Bulgaria. We don't use a PO Box in Hong Kong. We don't operate from some Internet Cafe in Nigeria. This isn't some pre-order shit. Nobody on staff has the initials J.Z. or named Josh. We've vetted the shit outta ourselves. The protocol's open source (will be). There's free beer to get shit-faced on the fifth Thursday of every other month ending in a Y (Because we like you! M-O-U-S-E.). And, we sing, albeit off and only in the key of H, having also been known to oftentimes whistle movie soundtracks.
Q: Utility?
A: Previously addressed with conventional mining's not involved, thus expending nominal electricity costs to secure the network.
Oopsie! Our bad! You meant the relative utility of
ÇoinProLite.
- Traditional trading, akin to how a passel of cryptocurrencies in the wild circulate.
- The primary means to acquire Project Y's (not yet disclosed) YTC.
- Sçhit ---> ÇPL ---> YTC ---> c-c (crypto-commodity)
- Sçhit ---> ÇPL ---> ? (visualized as a Micro-IPO/ICO (Initial Crypto Offering) for future ventures seeking initial start-up $$$)
- As outlined above (pruning the last bullet point), ÇoinProLite will eventually satisfy a finite ecosystem that fortunately enjoys a sustainable and prodigious viable community base, with most its members seeking to augment their current scanty revenue stream if they've opted in for the obtainable rewards program, namely YouTube creators (channel publishers, semi-revealing Project Y).
Q: Liquidity?
A: Like diarrhea! As touched upon above,
ÇoinProLite's core utility will act as the primary means to acquire
YTC, of which is not only non-colorful-metaphor-based, but will be highly sought by kowtowers (mainly virgin cryptocoiners
![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif)
) of YouTube creators.
The flowery part of
ÇoinProLite's liquidity scheme is that those who'll burned their plethora of
Sçhit to acquire
ÇPL will have priority over those exercising other options made available to trade for/purchase
YTC.
News Flash: Early Adopters Win Again!In essence,
ÇoinProLite will turn those Pump-n-Dump pieces o' shit into a quasi-proverbial
goldmine via
Dump-to-Trump (D2T), predicated on subsequent trades being well-timed. At the very least, what once was
Sçhit will regain some monetary value, becoming easier to exit one's cryptocurrency position to fiat, perhaps the more desirable option for some.
Once
Beta, further burgeoning cryptos will have the ability to follow suit, ergo more
Sçhit to can via
PoBurn-based start-ups, with
ÇoinProLite leading the way.
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.kamadoguru.com%2Fpublic%2Fstyle_emoticons%2Fdefault%2Fworship.gif&t=665&c=Jft6pg2E09o3Vw)
We opted to take as much of the viable pire du pire
Sçhit off the market as possible, leaving the crème de la crème (lower hanging
Sçhit) for future concerns.
Q: To further expand the liquidity question, are you saying...
A: Yes! Virtually all holders of
ÇPL will be able to liquidate their positions through our closed system with minimal risk - regardless of what
ÇPL and
YTC trade at on the exchanges - for the
c-c aspect MUST perform with the utmost openness and integrity due to protecting the credibility of those representing each and every
c-c.
Q: Participation?
A: We realize that's a colossal compost heap
ÇoinProLite will have to hurdle: Convincing enough Sçhmuçks to trade-up their stagnant decomposing pieces o' shit to something of value. Nonetheless, we'll do our damndest to garner enough support from less fortunate Sçhmuçks willing to convert their compiled
pHC- Sçhit to
ÇPL, assuring a quickening to seeing the overall endeavor ripen, hence pullin' out all stops to fill the manure wagon, readying for rebroadcasting over a freshly plowed new field o' dreams.
Q: I'm almost sold on this ideal of
ÇoinProLite, but how much is it going to cost me during the conversion process of my
Sçhit to
ÇPL?
A: Only -36%, as in negative -36%, as in you'll immediately receive 36% more
ÇPL than what the future current exchange rate your
Sçhit is trading at when you forward your
Sçhit to enter the queue position to subsequently have the documented tx officially indexed on
ÇoinProLite's blockchain. Once entering the official queue, a maximum of 72 hours will be the longest time any person will have to wait before a block is created depicting their burned
Sçhit, anon credited to their pre-created wallet address with the appropriate
ÇPL, via our
AHP.
Q: Gulp! Not to shabby, but what about the
PoS [-Stake] rewarding part?
A: We were going to make it 1%, but seeing that a mess of greedy clowns are probably lining up to take advantage of us from the get-go (obviously contrived), we've lower it to only .5% - a month (NOT YEAR!). This aspect will kick in after only 90 days of leaving
ÇPL put, with no need to wait the full 30 days (1 month), thereafter, to receive a prorated portion of the maximum .5%/mo
PoS payout: e.g., on the tenth day, you'll receive .165% of your wallet address' sum when you conduct your first transfer, or .665% on the 40th day, both examples automatically doled out after the first 90 day grace period upon transferring
ÇPL.
To be clear, Proof-of-Stake is 6% a year, halved every year thereafter, thus roll accordingly. This, and the previous Q/A will be addressed in fuller detail prior to accepting any
Sçhit.
Slow down there, mate!
ÇoinProLite is only in pre-Alpha stage, although admittedly we love your enthusiasm, but suggesting you curb it nonetheless.
Q: What else can I purchase with
ÇPL if I hand over my precious near-worthless
Sçhit to
ÇoinProLite?
A: Pizza (soon); Did I mention pizza?; And, hopefully, pizza;
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fpreloaders.net%2Fpreloaders%2F326%2FPizza%2520sliced.gif&t=665&c=IYmNMUlb6HYbnA)
; Be part of history by donating
ÇPL to the Yugo GV Frame-off Restoration Fund LLC.
Q: Does this mean that developers of
shitcoins will have an unfair advantage to monetize their premined
Sçhit that they may still possess?
A: Au contraire, astute giimoozaabi!
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.echotacherokeewolfclan.com%2Fsitebuildercontent%2Fsitebuilderpictures%2Ftn_thanksgiving_indian-010.gif&t=665&c=ZIhtfXswDW0Mrw)
Conducting due diligence, along with some secret asshole-burning masala-laden sauce, will validate only non-premined/instamined
Sçhit, sans any that may have been washed downstream on
SçhitCoin blockchains, with same holding true for tainted coinage, et al. If, by happenstance, some wiseass succeeds in converting pre
Xed
Sçhit to
ÇPL, their transaction WILL NOT be rolled back, but the culprit will be administered 314 lashes with a wet noodle when they raise their shit head in public. Harsh, yes, but necessary to keep them fecal-greaseballs at bay.
Q: Will
ÇoinProLite's White Paper be referred to as Toilet Paper?
A: “Please don't patronize us, you son of a bitch!”Q: I've just read the entire OP. Is there a Tl;dr version of this diatribe?
A: Funny you should ask:
Tl;dr version of ÇoinProLite's plan to monetize comatose shitcoins.
Q: One final question: Is
ÇoinProLite marketable?
A: Since you've read thus far, add yourself to the list of those who've aforementioned, "Yes, it's remarkable!" Recall DogeCoin, based on a meme? Kabosu Coin may not be that far behind.
<more FAQ may be added to this OP in the future>Nowhere else on the internet is one able to alchemize
Sçhit into securable
gold, sans some novelty website probably hawkin' pseudo sacks of shit.
ÇoinProLite Takes Your Sçhit - Literally!
To sum up: proof of burn could, just maybe, qualify as a new tool to greatly assist overall (multi-cryptocurrency) economic robustness and stability!
With the generous input from this loving community,
ÇoinProLite, along with its band of merry slaveturds, hopes to be the first to manifest the above, nurturing and bringing this peachy shit to fruition.
In Closing: ÇoinProLite has no intentions on going to the moon, so quit asking.
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.joebohanon.com%2Fastro%2FDec2010EclipseAnimated.gif&t=665&c=6lC6dYx0zLFeOA)
Disclaimer: All details outlined above are open for discussion and subject to change until ÇoinProLite is in big bada boom Beta.![](https://ip.bitcointalk.org/?u=http%3A%2F%2F29.media.tumblr.com%2Ftumblr_lqknpdvnt01qb3f0ao1_500.gif&t=665&c=BpI046PoWighiA)
~Brüno Kučinskas - Founder, and currently the only person that
ÇoinProLite comprises of, in spite of plural pronouns penned in this OP.
Q: Why did you alter the spelling of your name?
A: Adhering to conventional habitude is sometimes unsatisfying, as how
ÇoinProLite is introduced so demonstrates.
EDIT: Apologies for not including the following earlier:
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.smilys.net%2Fsmilies_international%2Fsmiley1469.gif&t=665&c=tExaokuyr2Y24Q)